https://www.taxtmi.com/caselaws?id=386736 A writ challenge to a SARFAESI auction notice was held not maintainable because Section 17 of the SARFAESI Act provides an efficacious alternative remedy before the appropriate forum. The Court noted that writ interference in recovery proceedings is warranted only in exceptional cases, and no extraordinary ground was shown beyond a request for additional time to pay. As the borrower had defaulted on repayment and also failed to comply with the one-time settlement terms, the petition was declined in view of the statutory remedy available under the Act. en-us Thu, 06 Jun 2019 00:00:00 +0530 Mon, 07 Oct 2019 21:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386736 A writ challenge to a SARFAESI auction notice was held not maintainable because Section 17 of the SARFAESI Act provides an efficacious alternative remedy before the appropriate forum. The Court noted that writ interference in recovery proceedings is warranted only in exceptional cases, and no extraordinary ground was shown beyond a request for additional time to pay. As the borrower had defaulted on repayment and also failed to comply with the one-time settlement terms, the petition was declined in view of the statutory remedy available under the Act. Case-Laws Indian Laws Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386736